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Barchart
Barchart
Rich Asplund

Cooler-Than-Normal US Temps Undercut Nat-Gas Prices

September Nymex natural gas (NGU25) on Monday closed down -0.002 (-0.07%).

Sep nat-gas prices have been under pressure over the past 2.5 months and dropped to a 9.5-month nearest-futures low Monday as forecasts for cooler late-summer weather weigh on prices.  Forecaster Vaisala on Monday said lower-than-normal temperatures will blanket the US from North Carolina to Northern California for September 4-8, which will reduce demand for nat-gas to power air conditioning.  

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